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tv   Bob Massi Is the Property Man  FOX News  March 26, 2016 9:00am-9:31am PDT

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i don't begrudge president obama for his cuba trip. i only wish he would have stayed there. i'm bob massi. for 34 years, i've been practicing law in living in las vegas, the center of the recent real estate crisis. lives were destroyed from coast to coast as the economy tanked. now, well, it's a different story. the american dream is back. and nowhere is that more clear than the sunshine state of florida. so we hit it from the strip to the beach to show you how to live the american dream. i'm going to meet real people who are facing serious problems. take you behind the gates of properties you have to see to believe. and give you the tips that everyone needs to navigate the new landscape because information is power and the property man has got you
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covered. you've all heard the expression, if these walls could talk. but the walls behind me, man, would they have some stories. this is 93 palm, better known as el capone's mansion. he was america's most notorious gangster running the prohibition era and known for bootlegging, smuggling and problems institution and murder. in 1927, capone came to miami beach and secretly bought the compound under someone else's name. now, 93 palm has been renovated and turned into an upscale venue for shooting films and venues. the 6,000 square foot house over looks biscayne bay. >> this is a private beach.
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every six months we bring new sand. >> the new italian owners paid $8 million for the property and plus a $2 million renovation. >> we found it in very bad condition. when we bought this property, we decided to save it. >> but they made sure to maintain many of the original details. >> now we are in the bathroom of the cab ban na. all of this structure is original. >> this is the original window. >> as many 1920 touches as possible were kept, including the wooden multipane windows and fireplaces and art deco features. such as the gold and black powder room. >> we want to show you this bath. >> it's completely designed by al capone and the tiles are
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amazing. it's everything in its original. >> the estate is actually a collection of three houses. the main villa, a gate house, and a two-story cabana. >> al capone wanted to be protected from the land and from the sea. >> the guest house which served as a guard house during capone's days has peepholes and protected by a gate and wall. al capone used his palm island estate as a getaway from his life as a big-time chicago gangster. >> it's mediterranean flavor. >> when capone moved in in 1927, he immediately began over 100,000 worth of upgrades. he built this pool which at the time was the largest privately
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owned pool in the area. it as able to handle sea and both fresh water. capone add a new dock, and rock gardens and fountains. >> i want to show you the lighthouse. >> the coral and rock bridge is where al and sunny capone would feed their tropical fish. >> here we are in the al capone master bedroom with a bath and closet. >> you can see the view is amazing. it's a very mediterranean view. >> once word got out that al capone bought the house, the miami officials were outraged. the authorities pleshed to do whatever they could to keep capone out and show that he was not welcome to the area. and so there were multiple arrests and raids on thecompoun. instead of leaving, he invited
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people in and threw big parties right here on these very grounds. february 14th, 1929, the st. valentine's day massacre, seven members of chicago's north side gang were assassinated as they waited for a shipment of bootleg whiskey. while it was widely suspected that capone ordered the hit, he was relaxing right here on palm island in florida. ♪ october 17th, 1931, capone was sentenced to 11 years in prison for tax evasion. he was first sent to the u.s. penitentiary in atlanta but later transferred to alcatraz island. he got out early in 1939 but left alcatraz a broken man. he lived out his final days in 93 palms. this is where he spent most of his time, especially near the
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end. from this bedroom, he was able to watch through the window to see those who were coming and going. it was here that he died in 1947. up next, how do you know when it's time to move from your starter home to your forever home? i will introduce you to a couple who has found paradise by doing it the right way. jack be nimble, jack be quick, jack knocked over a candlestick onto the shag carpeting... ...and his pants ignited into flames, causing him to stop, drop and roll. luckily jack recently had geico help him with renters insurance. because all his belongings went up in flames. jack got full replacement and now has new pants he ordered from banana republic. visit geico.com and see how affordable renters insurance can be.
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♪ >> welcome back. i'm bob massi, the property man. shopping for a home is one of welcome back. i'm bob massi, the property man. shopping for a home is one of the biggest things we'll ever do and you can't take that process lightly. this is critical. picking the right realtor can be the most important decision and is the most important decision you make when buying a home. >> it's important to understand how long the agent has been doing this. have they gone through the ups and the downs of the market? because many agents leave the real estate industry once times get tough and what are their sales? >> scott and tamlan are a young
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couple raising a family in florida. in the past six years, they have moved five times and all rental properties. why? because they wanted to make sure when it was time to make the investment of buying a home, it would be their forever home. >> we don't want to buy something that'sot where we are going to live for the rest of our lives so we decided to rent. we tried neighborhoods that we thought were going to fit for us and they didn't. >> did you ever get to the point, scott, where you felt, geez, maybe i'm just throwing good money after bad? i'm appreciating someone else's home while i'm paying rent? >> absolutely. when we relocated at one point in my career, we bought a house based on the appeal of the house. we didn't know much about the area or the neighborhood. and after we lived there, we realized that was not the ideal location for us. >> so they turned to realtor warren cleveland. >> a lot of agents don't want to
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take the time to sit down and discuss what's important. you know, i think that's really key because with the days of the internet, you can go online, you can find all kinds of information but it's sending you 300 properties which may or may not meet your criteria. that doesn't really help you. i don't care if this take as week, a month, a year, two years. we've had clients that have lasted two years until they find a perfect home. >> when i work with specific buyers, i want to make sure they know what they want. >> when we go through a buyer counseling interview, that's what we're trying to get to. >> i don't want to look at 100 houses. take what we're looking for, wi wiwi wi wittel it down. >> what must a house have? >> water. >> okay. >> cul-de-sac. >> good space for the kids to play. >> it's all about priorities.
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the more you can understand what is important to them at the very beginning, really, the more successful this outcome becomes. how did you know that warren was the right person? >> i gave him our check list. he goes, i can do that. i can get you in a house. i promise you, i can get you in a house. at that point -- and we sat for an hour on back and forths and talked about what our family's needs were and what we were looking for. this house is our forever house. even when we drove up to the front of the house, we were like, eh, we walked through the front doors and we're like, okay, let's sign a contract because he knew. he found us the house that had everything we were looking for because he listened. it was amazing. >> so we're going to go look at this new property that i know right now i believe is gutted? >> yes. >> you're going to make it your own? >> yes. >> hey, guys. >> hi. >> what's up, buddy? >> so you talked to me about this home and you said, the
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outside was sort of not sure but then it was the back part. i want to go look at the back part of this house. >> absolutely. >> check it out. >> come on. >> wow. >> absolutely. >> wow. so i get this. >> get it? get why we waited? >> oh, boy. >> this is it. >> scott and tamlan cited that their number one priority was to be waterside with an amazing view and who could blame them? you're buying a location. you can change it but you can't move it. so location is key and for this property, this is why i brought them here. >> even though the actual house was not what they wanted, this location can't be beat. so they decided to gut the house and make it to fit their needs. >> this is going to be the new den. >> okay. >> there will be a pergola-type of porch off the back that leads to the pool. our living room is coming out another ten feet. >> okay. >> and this used to be the old master bedroom and bathroom. we'll have a cabana back and a
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den on this side. >> how many bedrooms is the house going to be? >> three bedrooms. >> bob, they didn't believe they. they just didn't believe me when i said, we've got to go see this house. this is what you've asked me to find. >> you if you feel like the realtor is pushing you towards a home just to make a sale, that person is not right for you. finding a property is less important than finding the right property. >> like a doctor, you wouldn't walk into a doctor's office and just demand a prescription, right? the doctor's got to counsel you, talk to you, find out what is wrong. it's the same process. not that we're doing surgery here but, you know, if you're going to invest 2, 3, 4, $500,000, a million dollars or more, you should spend some time really understanding what do i want out of it. up next, we'll meet the father/daughter team building their own city. yes, you've heard that right. they are building a city.
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>> welcome back. i'm bob massi, the property man. i'm standing in doral, florida, welcome back. i'm bob massi, the property man. i'm standing in florida, a place with an interesting history and an even more interesting future. in the late 1950s, alfred and doris paid about $50,000 for 2400 acres of swamp land outside of miami. they built a hotel and country club and combined their first names to name is dorel. they built doral estate and it's completely transforming the area with massive billion dollar downtown doral project.
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the father/daughter duo bought 31 buildings. >> it took us several years but we have now 27 of the 31. >> we really wanted to build a community of locals. we want a vibrant place where people can live and work and play. >> more than 70 stories of the restaurants and a million square feet of office space. even the new city hall and village green that you see behind me. armando says his plan is coming together now but it was 30 years in the making. >> i was 90 miles from the united states in cuba and i was able to come here. so everything that i have, i owe to this country. you can do what i've done anyplace else. my daughter has an mba from m.i.t. i can't go to college. i supported my mom when she got out of cuba. >> it wasn't until 2003, after a seven-year battle, that residents finally voted to
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incorporate and doral became an actual city. >> we want mixed use development like this one where you can work and learn and play and you can have more massive transportation and altogether in the city. >> when doral incorporated, it was part of dade county. it was never meant to be a city. >> this is an area that has a downtown and they want to call themselves a city. a lot of warehouses and office buildings. the regular population of doral is 45,000 people. during the day, it balloons to more than 150,000 people. it's a major employment base. >> employees arrive at 8:00 and leave at 5:00. >> the idea was to build something that would address the traffic because you have everything nearby as opposed to driving everywhere and to give doral a heart. >> the mixed use community will
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feature residences and office space. they say it's already filling up. >> this is actually a small portion because it's a 120-acre project. this is the main entrance of the project that we have shown in this scale model. that's our main entrance, the corner of 87th avenue and northwest 15th street. these two condo towers, that one over there is sold out. this one is about 65%. we really wanted it to feel like a true town center and not a development. so that was very intentional. this one-story building you see wrapping around is the first phase of our retail. the retail we curated it very carefully. we have a number of restaurants that were interested and we wanted local operators who had two or more units. we wanted people with some experience that had a local flavor. this is our first condo tower. we have the pool deck and party room amenities but our true
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amenity here is the community and retail. you can walk your child to school. >> tell us about the school here. >> it's a public school that's pr privately operated. this was a partnership. >> they have created a brand-new main street which will be the heart of the urban center with more than 50 retailers and restaurants. >> 80,000 feet of retail. 40,000 feet of restaurants, 40,000 feet of lifestyle. >> this is one of the high rise's. this is a condominium high rise? >> yes. third quarter of next year. >> as it relates to these stores, when do you anticipate that they will be opened? >> they should open by february and it's 90-plus percent leased. look at the sidewalks. these will be cafe sidewalks. parallel parking not to disturb
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the diners. >> what's wonderful about this literally no government funding involved. >> not at all. >> it goes to show you, it's way past the american dream. >> not even a tax increment district where we would take some of that. not a penny of the government and the real estate taxes go to the city of doral and the county. the school is open. the city hall is open. >> this is the heart of downtown doral. you have city hall, the heart of government, our downtown park in the middle of the whole tune ee and the school right across from the park. >> and tell us about the history of city hall. >> we wanted the city to have a very elegant, iconic home. >> again, it's consistent with what you're trying to do. self 00 contained. in this case -- >> we've donated the land and the park. >> for the park?
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>> for the park. >> and built that sculpture. >> everything is pretty well self-contained. you have to park in the middle. you have the kond minute yes, ma'ams, restaurants. >> million feet of offices when we're finished. >> are they occupied presently? >> 90%. >> we have built here a workable area. >> are focus is projects that if somebody else did can do it, we don't want to build a building and walk away. up next, the massi with information that you can't afford to miss. so stick around. this is my retirement. retiring retired tires. and i never get tired of it. are you entirely prepared to retire? plan your never tiring retiring retired tires retirement with e*trade.
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♪ >> time now for the massi memo. earlier, we met a couple who took their time finding the home that was perfect for them. they did time now for the massi memo. earlier we met a couple who found a home that was perfect for them. they did their research and worked with a realtor and made sure it was something that they could afford. here are some tips to make sure you do it right. find the right realtor. this is critical. he or she needs to understand you. what is important to you and how much you can afford. avoid someone who's trying to sell you on property just to make a sale and get a commission. fully understand your own finances and all of the costs that go into the purchase. get prequalified and get a
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credit check to make sure when you look at a home, you can actually afford it. study all lending changes with a qualified broker. understand the laws and qualifications on the books at time of purchase. effective october 3rd, 2015, there's an entire new regulation before closing with escrow called know before you owe. you will receive a loan estimate and three days before closing, a closing disclosure form has to be provided by the lender to you, the prospective home buyer. you provide a receipt to this new disclosure form. if they are not the same, such as interest rates or payment amounts, you have a right to extend it another three days until it's rectified. it was an expert that made these changes to protect the home buyer for full understanding of what they are buying. that's it for the day. as always, there's much more
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information on our website at foxnews.com/propertyman. be sure to send me your questions or property stories at propertyman@foxnews.com. i'm bob massi. i'll see you next week. this week on "the journal editorial report," deadly attacks in brussels raising new questions about europe and america's commitment to fighting isis. plus, with terror making a return to the campaign trail, a look at how the presidential candidates are responding to the threat. and ted cruz renewing his call for john kasich to exit the republican race. but can he beat donald trump one on one as the campaign heads east? find out after these headlines. hello, everyone. this is a fox news alert. a massive manhunt in brussels leads them

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